Not the smartest thing to question China's chances at anything these days...

China has held more than $1 trillion in U.S. debt for the last three years. Owning U.S. Treasury notes helps China's economy grow by keeping its currency weaker than the dollar. This keeps products exported from China cheaper than U.S. products, creating jobs for the Chinese people.

The U.S. allowed China to become its biggest banker because the American people enjoyed low consumer prices. Selling debt to China allows the U.S. economy to grow by funding federal government programs. It also keeps U.S. interest rates low. However, China's ownership of U.S. debt is shifting the economic balance of power in its favor.

Not the smartest thing to question China's chances at anything these days...

China has held more than $1 trillion in U.S. debt for the last three years. Owning U.S. Treasury notes helps China's economy grow by keeping its currency weaker than the dollar. This keeps products exported from China cheaper than U.S. products, creating jobs for the Chinese people.

The U.S. allowed China to become its biggest banker because the American people enjoyed low consumer prices. Selling debt to China allows the U.S. economy to grow by funding federal government programs. It also keeps U.S. interest rates low. However, China's ownership of U.S. debt is shifting the economic balance of power in its favor.